- Binance has opened its trading platform to Syrian users after the U.S. and EU lifted most economic sanctions, allowing access to over 300 cryptocurrencies and financial tools.
- This move marks a major step in Syria’s reintegration into the global financial system following a change in leadership.
In a groundbreaking development for the Middle East, Binance—the world’s largest cryptocurrency exchange—has officially opened its platform to Syrian users. The announcement follows a major shift in international policy, as the United States and the European Union lifted most economic sanctions on Syria just last month.
Binance Brings Crypto Access to 24 Million Syrians
For the first time in years, Syrian residents can legally access digital asset markets through Binance. “Financial freedom should be for everyone,” the company said in a statement. Binance emphasized that Syrian users were previously restricted solely due to international sanctions, not by choice.
Now, millions of Syrians—both within the country and among the 8+ million living abroad—can tap into spot and futures trading, Binance Pay, and over 300 tokens including Bitcoin, Ethereum, and Dogecoin.
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A Shift in Leadership, a Shift in Policy
The policy shift came after a stunning political upheaval in Syria. Former President Bashar al-Assad fled to Moscow in December 2024 amid a rapid offensive by Hayat Tahrir al-Sham (HTS). The group’s former leader, Ahmed al-Sharaa, now serves as interim president and has pledged to restore human rights and economic stability by reconnecting Syria with the global financial system.
This new leadership ushered in a wave of international support, including eased sanctions, enabling financial platforms like Binance to legally serve Syrian users.
Crypto’s Critical Role in Rebuilding Syria
Binance noted that cryptocurrency has been a “lifeline” for those living under high inflation or relying on remittances. With access restored, Syrians can now send and receive funds more easily, potentially boosting the local economy.
And the changes don’t stop at crypto. According to Syria’s Central Bank Governor Abdelkader Husrieh, the country expects to regain access to the SWIFT payment system in the coming weeks, which will further facilitate global trade.
As Syria steps back onto the global economic stage, Binance’s move marks a pivotal moment—not just for crypto adoption, but for a nation rebuilding from decades of isolation.